1、2016AnnualReport2016 ANNUAL REPORT2016 ANNUAL REPORT$4.0 BILLIONNET SALESNET EARNINGS$499 MILLIONTABLE OF CONTENTS1-3Letter to Shareholders4-510-Year Selected Financial Data&Financial Highlights6Stock and Financial DataNO.OF FASTENAL SCHOOL OF BUSINESS COURSE COMPLETIONS416,054STORES2,503INVENTORY V
2、ALUE$993 MILLIONNO.OF ORDERS PROCESSED36,954,37719,624EMPLOYEES134,000+EMPLOYEE SAFETY COACHING,TRAINING,&INSPECTION EVENTSGLANCEFASTENALAT A143MILLIONMILES DELIVERED810DELIVEREDMILLION POUNDS38,000+BIN STOCKSACTIVEONSITE401ONSITE LOCATIONS62,000+VENDING MACHINES INSTALLEDDAILY SALES GROWTH TO CUSTO
3、MERSWITH VENDING3.1%COUNTRIES WITH FASTENAL STORES217Stock Performance Highlights8-1250 years of Growth through Customer ServiceINSIDE BACK COVERDirectorsExecutive OfficersCorporate Information2016 ANNUAL REPORT1LETTER TO SHAREHOLDERSOne year ago I was in a new role CEO of Fastenal.After 20 years wi
4、th Fastenal,I thought I knew the organization well.I knew we had great people;I just didnt realize how great.Blue Team members are willing to change,to grow,and to learn on both an individual basis and as a team.With this spirit,anything is possible.In last years letter,we spoke about the results of
5、 the year,our growth drivers,and our structural advantages.This letter is similar in content;however,our aspirations for 2017 are much simpler we plan to grow our sales and our earnings.To make this a reality,we plan to serve our customers well and to help them improve their business.We have a name
6、for this:Growth Through Customer Service.We also plan to serve our employees well,reflecting our core belief in people and a willingness to challenge each other.Finally,we plan to better manage expenses.Doing these three things will also serve you,our shareholders.In 2016,our net sales grew 2.4%.The